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Sinopharm Group Co., Ltd. is a Chinese pharmaceutical company. The parent company of Sinopharm Group was Sinopharm Industrial Investment, a 51–49 joint venture of state-owned enterprise China National Pharmaceutical Group and civilian-run enterprise Fosun Pharmaceutical. Sinopharm Group researches and develops, manufactures, distributes, and markets medicine and other healthcare products. Sinop...

China’s largest drug distributor has become the most prominent domestic target in a corruption probe into the promotional methods of several foreign and local pharmaceutical companies. Sinopharm, the state-owned Chinese drug group, said in a statement to the Hong Kong stock exchange on Sunday that two former senior executives were under investigation for corruption, one of whom was detained by police in Shanghai.

Shi Jinming, the former vice-president who tendered his resignation on December 29 for “personal reasons”, was detained “for an investigation in relation to an allegation of corruption against him”, the statement said. It gave no further details. A former general manager of a Sinopharm subsidiary is also involved in the investigation.

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